Whales token soars 60%, hitting a record high

February 6, 2024

I. Mainstream exchange news

• Bithumb will list Lisk (LSK) in the Korean Won market.
• Binance cofounder and Chief Customer Service Officer He Yi announced six measures to prevent information leakage about Binance's listings, including strengthening internal management and improving external cooperation processes.
• Coinbase will list Aerodrome Finance (AERO) and Velodrome Finance (VELO).
• Coinbase has included Helium Mobile (MOBILE) in its listing roadmap.
• Binance has launched RONIN 1-50x perpetual contracts denominated in USDC.
• Binance will list Ronin (RONIN) with a seed tag applied.
• Binance has completed the integration of AVA on the BEP20 network and opened up deposit and withdrawal services.

II. Mainstream projects and trending events

• Treasure Infinity Chains has introduced a simplified edition of its whitepaper, emphasizing the fundamental components—the Treasure Chain and Infinity Chain.
• EigenLayer has temporarily removed its staking limit, and TVL has exceeded $3 billion.
• Solana Mobile's second-generation phone "Chapter 2" has received 60,000 pre-orders.
• Dymension's mainnet launch is approaching, and DYM tokens will be automatically distributed to users' Genesis Rolldrop addresses on the Dymension blockchain.
• Particle Network's first Launchpad will list Merlin Chain (MERL).

III. Funding news

• Cryptocurrency payment app Oobit closed a $25 million Series A round, led by Tether.
• Berachain's ecosystem DEX project Kodiak successfully secured $2 million in a seed round, with participation from Shima Capital.
• L1 blockchain Nibiru Chain raised $12 million in a new round of funding, participated by NGC Ventures.

IV. Regulatory news

• The Hong Kong Securities and Futures Commission has announced that virtual asset platforms failing to apply for a license by the end of February must cease operations in Hong Kong by the end of May.
• South Korea mandates that newly appointed executives of crypto companies must obtain approval from regulatory bodies before assuming their roles.

IV. Popular projects 

Whales token soars 60%, hitting a record high

Whales, an off-chain decentralized exchange offering diverse trading modes like Pre-Market, OTC-Market, and private link trades, has seen its token WHALES surge 90-fold in less than two months, reaching a $46.84 million market cap. The platform, dedicated to trading airdropped projects and points, registered a 24-hour trading volume of $7.68 million on Solana.

New over-the-counter trading platform conducting regular auctions

Prepo, a trading platform specializing in pre-IPO stocks, unreleased tokens, and diverse project points, initiated its PPO token regular auction event on December 26, 2023. Providing weekly updates, the platform offers a 20% discount for purchases made within two minutes before each new auction starts, along with a 10% transaction share for referrals. As its core product is still pending launch, future updates and developments are worth expecting.

ERC-404 token standard attracts market attention

Pandora, pioneering the ERC-404 token standard, merges ERC20 and ERC721 functionalities, offering liquidity and fractionalization. This innovative approach allows each PANDORA token holder to automatically generate an NFT in their wallet, which disappears if the token count falls below one. Token transfers between wallets create new NFTs, while direct NFT transfers keep the received NFT unchanged. Despite its experimental stage, Pandora aims to enhance NFT liquidity, with $15.74 million in on-chain liquidity, a market cap of $45.12 million, and $27.4 million in trading volume over the last 24 hours.

The first project based on ERC-404 is getting ready for token issuance

ANON, the first project built on the ERC-404 standard, is set to release a collection of 350 NFT art pieces, featuring 11 unique variants. This project has gained attention with endorsements from Pandora, and there are expectations for a Uniswap listing in the near future. The substantial community interest in Pandora, coupled with the potential wealth effect, indicates promising prospects for the development of ANON.

Social aggregation platform sparks $3.05 million in 24-hour trading volume

Yup, a social aggregation platform, enables users to connect with friends across platforms such as X, Farcaster, Lens, and Bluesky, and share content seamlessly with a single click. The application is accessible on both the Apple and Google stores. Yup's token experienced a remarkable surge of 252% in a day, driven by Vitalik's commendation for Farcaster and Lens, reaching an impressive $3.05 million in 24-hour trading volume.

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